Thursday, April 22, 2010

Realtors See Broad Based Stabilization in Housing Demand

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The NAR's comments sum up the month best: "The home buyer tax credit has been a resounding success as these underlying trends point to a broad stabilization... - MND NewsWire
Expiration of the home buyers' tax credit and looming premium increases were probably behind a dramatic 68 percent increase in FHA mortgage applications... - MND NewsWire
Jonathan Spurr, a like-minded colleague of mine and a wholesale account rep for 18 years came up with this idea which we just pitched to the Arizona Department... - Community Commentary
jeffer90576
MBS Quotes
FNMA 4.0 97-01 -0-10
FNMA 4.5 100-08 -0-06
FNMA 5.0 103-05 -0-03
FNMA 5.5 105-02 -0-03
FNMA 6.0 106-18 -0-04
Updated: 4/22/10 4:29 PM
Treasuries
3 MO 0.1600 0.0100
2 YR 1.0700 0.0400
5 YR 2.5700 0.0500
10 YR 3.8000 0.0300
30 YR 4.6500 0.0400
Updated: 4/22/10 5:40 PM
Mortgage Rates
30 Yr FRM 4.98 0.02
15 Yr FRM 4.33 0.03
FHA 30 Year 5.14 0.02
Jumbo 30 Year 6.58 0.02
5/1 Yr ARM 4.06 0.02
Updated: 4/22/10 6:33 PM
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O'Sullivan Says March Existing Home Sales `Exaggerated': Video
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April 22 (Bloomberg) -- James O'Sullivan, chief economist at MF Global Ltd., talks with Bloomberg's Margaret Brennan about the outlook for U.S...
Summers Discusses Outlook for Regulatory Overhaul: Video
4/22/2010
April 22 (Bloomberg) -- White House economic adviser Lawrence Summers speaks with Bloomberg's Lori Rothman about the progress of U.S. financial overhaul...
Reacting to Obama's Speech
4/22/2010
Assessing President Obama's remarks on reforming Wall Street, with CNBC's John Harwood & Carl Quintanilla; Heather Slavkin, AFL-CIO; and Ron...

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Recent Comments
Susan Lloyd
on 4/22/2010 - read this comment
If you ignore the two government-policy-induced bubbles in the last two decades and adjust for inflation, housing prices have been increasing at a very steady rate of about 3% for more than a century....
mdeery
on 4/22/2010 - read this comment
I can't see how these home sale numbers will stay in the positive once the tax carrots go away. Coupled with the excess inventory that the banksters are holding and higher rates in the 5.75% range...
Mark Kramme
on 4/22/2010 - read this comment
Great article Frank! I wish I could show you the results of over 1000 customers that we've helped modify their loans. What is the definition of modification? Short and simple,... its a re-qualification...
Adam Quinones
on 4/22/2010 - read this comment
Merrill Lynch/BofA says: Another important point to observe looking at the data in Table 1 is that FHA-to-FHA refinancings have dropped significantly since December 2009 because of changes in FHA rules...

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